admin June 29, 2018

China says it will open up more parts of its vast economy to foreign investment. The Chinese government announced late Thursday that it will loosen or remove restrictions in various industries, including railways, shipping and power grids. Some of the changes had been announced previously, such as in the automobile and financial sectors. But one […]

admin June 29, 2018

I’m retired and currently manage my IRA portfolio of 10 different funds. But I’m thinking I’d like to simplify my portfolio and my life. Short of hiring an adviser to oversee my investments, what do you recommend?—Paul It’s no surprise to me that you’d want to streamline your investment approach. After all, retirement is a […]

admin June 29, 2018

More Americans are putting down Buds and Coors, instead grabbing wine, liquor, Corona and Michelob. Americans’ changing drinking habits have been taking shape for years, but the trend accelerated in 2018. Beer shipments from US breweries are down 3.5% so far this year, according to The Beer Institute, an industry trade group. The big four […]

admin June 29, 2018

“MONEY often costs too much,” quipped Ralph Waldo Emerson. But a new study suggests that since 1950, the price of buying it with labour in America has fallen. Greg Kaplan of the University of Chicago and Sam Schulhofer-Wohl of the Federal Reserve Bank of Chicago have linked measures of how Americans today feel about various […]

admin June 29, 2018

IN MAY 1945 John Maynard Keynes wrote a memo on the post-war economy. In it he argued that Britain should seek to be in the mainstream of global commerce. It would suit finance as well as industry to have the whole world as a playground, he wrote. “We built up the pre-war sterling area because […]

admin June 29, 2018

China is slashing tariffs on imports from five Asian countries in a move that could strengthen its defenses in a trade war with the United States. Beijing will reduce tariffs on thousands of products from India and South Korea, as well as the smaller economies of Sri Lanka, Bangladesh and Laos, China’s commerce ministry said […]

admin June 29, 2018

The fallout from a trade war between the United States and China will hurt other economies in Asia. President Donald Trump accuses China of unfair trade practices and is threatening to put new tariffs on as much as $450 billion of exports from China. The world’s second biggest economy has vowed to retaliate. A worsening […]

admin June 29, 2018

One of the top executives at Chinese tech company Huawei has launched a broadside against Senator Marco Rubio and another US lawmaker, calling them “closed-minded and ill-informed” and ignorant about innovation. Huawei Deputy Chairman Eric Xu was responding to calls last week by Rubio and Representative Jim Banks for the US Department of Education to […]